Flyte AI
FLYTE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
The evaluation for FLYTE (Flyte AI) on the Base network suffers from severe data gaps across four of the six evaluation sections: Active Development (-1.0), Community Support (-1.0), Team and Governance (-1.0), and Security and Audit History (-1.0). These data gaps occurred primarily due to name collisions with an unrelated open-source ML workflow platform (flyteorg/flyte), leaving no verifiable token-specific development, governance, or audit records. Among the scorable sections, Tokenomics scored 2.0/10 due to an absence of documented utility, unknown distribution, and a ~97% drawdown from all-time highs, despite having 100% of its 1 billion supply circulating. Market and Use Case scored 1.5/10, reflecting an illiquid micro-cap asset (~$68,045 market cap) with negligible 24-hour trading volume ($2.46) and no retrievable product roadmap. Based on the available data, the weighted score is 1.8/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Flyte AI (FLYTE)
FLYTE (Flyte AI) is an ERC-20 cryptocurrency token deployed on the Base network, associated with a crypto-native flight booking agent concept referenced as 'Flyte AI by Virtuals.' The token features a total and circulating supply of 1,000,000,000 tokens, indicating no future token unlock schedules or vesting overhangs. It operates independently of, and has no affiliation with, the open-source machine learning orchestration platform of the same name.
The project faces significant transparency and market challenges. There is no documented token utility, published token allocation breakdown, or publicly verifiable product roadmap. The token is held by approximately 5,200 addresses on Base but operates with near-zero trading liquidity, registering a 24-hour trading volume of $2.46 against a market capitalization of roughly $68,045.
From a market performance and security perspective, FLYTE has experienced a severe price crash of approximately 97% from its all-time high. Furthermore, there are no verifiable smart contract audit records, token-specific development repositories, or identified team and governance disclosures for the token's Base contract address.